Tether Investments, the investment branch of Tether, has financed a $45 million oil transaction involving 670,000 barrels of crude oil from the Middle East.
This marks Tether's first oil transaction and showcases their expansion into trade finance.
Tether aims to make trade faster, cheaper, and more efficient by providing funding for companies to move products quickly.
Their Trade Finance division plans to support a wider range of products and make global trade more inclusive.